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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net earnings$ 45,276$ 29,219
Adjustments to reconcile net earnings to cash provided by operating activities:  
Depreciation and amortization17,34715,538
Provision for (recovery of) losses on receivables123(58)
LIFO expense5,087357
Deferred income tax benefit(1,200)(1,057)
Excess tax benefit from share-based compensation(2,461)(785)
Share-based compensation expense2,9872,406
Pension expense6,9905,895
Postretirement obligation625305
Loss (gain) on disposition of property, plant and equipment828(266)
Loss from discontinued operations012
Changes in:  
Receivables, net(34,440)(24,044)
Income tax receivable(231)1,243
Inventories(38,929)(17,291)
Other current assets(398)38
Accounts payable20,34810,699
Accrued liabilities13,16510,000
Net cash provided by operating activities35,11732,211
Cash flows from investing activites:  
Additions to property, plant and equipment(79,592)(44,406)
Proceeds from disposition of property, plant and equipment897476
Decrease in other assets35563
Acquisition of other companies(20,482)(1,842)
Net cash used in investing activities(98,822)(45,709)
Cash flows from financing activites:  
Proceeds from long-term debt20,000 
Payments of notes payable0(1,013)
Dividends paid(11,419)(11,231)
Excess tax benefit from share-based compensation2,461785
Proceeds from exercise of stock options4,3055,503
Net cash provided by (used in) financing activities15,347(5,956)
Effect of translation on cash and cash equivalents(614)75
Net decrease in cash and cash equivalents(48,972)(19,379)
Cash and cash equivalents at beginning of period88,592100,858
Cash and cash equivalents at end of period$ 39,620$ 81,479